Acropolis Investment Management LLC Raises Position in Electronic Arts Inc. (NASDAQ:EA)

Acropolis Investment Management LLC increased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 9.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,269 shares of the game software company’s stock after purchasing an additional 737 shares during the period. Acropolis Investment Management LLC’s holdings in Electronic Arts were worth $1,210,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its holdings in shares of Electronic Arts by 81.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 156,907 shares of the game software company’s stock valued at $22,955,000 after purchasing an additional 70,539 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of Electronic Arts by 1.7% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company’s stock worth $708,000 after buying an additional 83 shares during the last quarter. Oak Thistle LLC purchased a new position in shares of Electronic Arts in the 4th quarter worth $1,902,000. Rosenberg Matthew Hamilton boosted its holdings in Electronic Arts by 30.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 1,040 shares of the game software company’s stock valued at $152,000 after acquiring an additional 241 shares during the last quarter. Finally, Pallas Capital Advisors LLC grew its position in Electronic Arts by 5.2% during the fourth quarter. Pallas Capital Advisors LLC now owns 2,205 shares of the game software company’s stock valued at $323,000 after acquiring an additional 108 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EA has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. UBS Group lifted their price target on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. StockNews.com raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Benchmark restated a “buy” rating and set a $163.00 target price on shares of Electronic Arts in a report on Wednesday, October 30th. Finally, Argus upped their price target on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Electronic Arts presently has a consensus rating of “Moderate Buy” and an average price target of $165.37.

Insider Activity

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $163.30, for a total value of $244,950.00. Following the sale, the executive vice president now directly owns 23,360 shares of the company’s stock, valued at $3,814,688. This trade represents a 6.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $145.87, for a total transaction of $364,675.00. Following the transaction, the chief executive officer now directly owns 51,747 shares of the company’s stock, valued at approximately $7,548,334.89. This trade represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,000 shares of company stock worth $3,422,485. 0.22% of the stock is currently owned by insiders.

Electronic Arts Stock Performance

Shares of EA stock opened at $141.75 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market capitalization of $37.18 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 2.06 and a beta of 0.80. Electronic Arts Inc. has a one year low of $124.92 and a one year high of $168.50. The company’s 50-day simple moving average is $156.67 and its 200-day simple moving average is $149.10.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.54%. Electronic Arts’s dividend payout ratio (DPR) is 19.54%.

About Electronic Arts

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.